Wednesday, October 1, 2025
spot_img

Intel to sack staff due to losses, Cuemath pivots on LCX, retention

spot_img
- Advertisement -

An American multinational corporation and technology company, Intel will sack its workforce to reduce costs.

However, the exact number of job cuts has not been disclosed but job cuts will take place across the board. 

According to the reports of Business Today, “Intel is working to accelerate its strategy while navigating a challenging macro-economic environment. We are focused on identifying cost reductions and efficiency gains through multiple initiatives, including some business and function-specific workforce reductions in areas across the company.”

“We continue to invest in areas core to our business to ensure we are well-positioned for long-term growth. These are difficult decisions, and we are committed to treating impacted employees with dignity and respect”, the report added.

Edtech firm Cuemath lays off 100 employees, focuses on LCX and retention

Edtech firm Cuemath has laid off 100 employees across functions citing conservative capital markets, rapidly changing technology, and AI ecosystems.

Manan Khurma also announced he will be taking over as CEO to help build a better learning and consumer experience

He shared a post on Linkedin and said, “In this context, we are making some changes at Cuemath. Given the need to deeply focus on building a great learning and consumer experience (LCX), I will get back into the role of running the company day-to-day as CEO. Our current CEO, Vivek Sunder – a phenomenal hyper-scale business operator – will transition from his full-time role to continue to work with me and the team, in an advisory capacity, on his many areas of expertise – like acquisition funnels and GTM strategies.”

“In addition, some functions and roles will also be rationalized, to reflect our increased focus on LCX and retention. While this will impact some talented people who have contributed a lot to Cuemath, we are committed to supporting our affected colleagues with everything they need to ensure a smooth transition into the next phase of their professional journey. And we are incredibly grateful to them for being part of the math mission thus far”, the post added.

The post further said, “Finally, from the company’s perspective, we continue to have a huge opportunity ahead of us – solving the world’s math learning problem. And to make a dent in this once-in-a-generation problem, we will continue to invest thoughtfully and hire strategically.”

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

HCL Tech hiring women professionals under “Returnship Program”

India’s leading global information technology company HCL Tech has announced...

McCann Worldgroup India Welcomes Back Jyoti Mahendru as Chief Talent Officer

McCann Worldgroup India, a leading name in the advertising...

L&T onboards more than 3,000 fresh engineers

An Indian multinational conglomerate company, Larsen & Toubro (L&T) has...

Tata Power is conducting face-to-face interview on 29 & 30 April

One of India's largest integrated power companies, Tata Power...

Wipro promotes 31 employees amid executive departures

According to various media reports, Wipro, a leading technology...

HDFC securities elevates Neetika Bhatia as CHRO

Investment services provider, HDFC Securities has elevated Neetika Bhatia...

Can’t force employee to refund mistakenly raise given long back: SC

According to the Times of India report, can an increment granted...

US judge lifts Trump ban on H1B visa, L1 visa and J1 visa

US judge lifts Trump ban on H1B visa, L1...

Related Articles

Sheenu Pradhan
Sheenu Pradhanhttps://sightsinplus.com/
Sheenu Pradhan, Editor Content, SightsIn Plus. She has over 8 years of experience in human resources. Prior to this, she has been associated with Wictor Chemicals India, Wipro, and Shakti Plas Industry.